Tuesday, June 7, 2016


CurrentC, oh what an atrocity you are. If you don't know what CurrentC is, you're one of the lucky ones. CurrentC is a competitor to Apple Pay that is owned by the Merchant Consortium Exchange (MCX). Because they're owned by MCX, a bunch of retailers have been forced to disable Apple Pay and endorse CurrentC. You wanna know how CurrentC worked? I'll tell you. You unlock your phone, open an app, and scan a QR code to pay. Using a QR code to pay with a Starbucks gift card, that works. Using a QR code to pay with a credit card, that is a horrible idea in a cheap attempt to enter the mobile wallet industry. This entire idea is centered around a cheap excuse to create a product that has no business existing. Wallets like Apple Pay are much better and shouldn't be messed with. Since Apple Pay is integrated to iOS, there's no app to open, just tap your phone. Apple Pay is secure, but anyone can take a photo of a QR code that contains credit card information. One more thing, CurrentC requires the consumer to provide their bank account, driver's license, and social security number. I would never trust them with any of that information, in addition to the fact of how tedious that is for the consumer. Anyways, CurrentC is closing its beta. Although it's unlikely, let's hope that this awful idea never comes back in any form.

No comments:

Post a Comment

Please keep comments constructive and don't use any foul language. Feel free to share your ideas, feedback, experiences, and more. Please know that I will read them. Thanks!